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A new report out today from TCF report examines Gulf expansionism through a case study of the Emirates-based company Dubai Ports World (DP World). This multinational is one of the world\u2019s leading global port operators and logistics giants\u2014and a source of power for the United Arab Emirates.\xa0\nA close look at its operations in the Horn of Africa reveals the ways that a government can exert control through a modern state-chartered company. A closer look at the operations of DP World also casts light on a key driver of disastrous state fragmentation in the Horn of Africa and the Red Sea.\xa0\nDP World functions like a modern-day version of the British East India Company, serving as both a foreign policy tool and a profit engine. The analysis in Advani\u2019s report, and our discussion with him here, help explain how governments exert political power outside the confines of traditional statecraft.\nParticipants include:\nRohan Advani, researcher\nMichael Wahid Hanna, senior fellow, The Century Foundation\nThanassis Cambanis, senior fellow, The Century Foundation